Pretty Bad Rating Given to Signature Bank (NASDAQ:SBNY) By a BidaskScore

Signature Bank (NASDAQ:SBNY) Receives a Downgrade

In a research report published on Today, expert analysts at the BidaskScore equity division downgraded the stock rating for Signature Bank (NASDAQ:SBNY) shares to a Hold.

Signature Bank (NASDAQ:SBNY) Ratings Coverage

Among 5 analysts covering Signature Bank (NASDAQ:SBNY), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Signature Bank has $138 highest and $130 lowest target. $133.25’s average target is -0.52% below currents $133.94 stock price. Signature Bank had 5 analyst reports since September 18, 2018 according to SRatingsIntel. UBS upgraded Signature Bank (NASDAQ:SBNY) rating on Monday, November 5. UBS has “Buy” rating and $138 target. On Friday, October 19 the stock rating was maintained by Raymond James with “Outperform”. The firm has “Equal-Weight” rating given on Tuesday, September 18 by Morgan Stanley. Wedbush upgraded the stock to “Outperform” rating in Friday, December 21 report. On Friday, October 19 the stock rating was maintained by BMO Capital Markets with “Market Perform”.

The stock increased 0.53% or $0.7 during the last trading session, reaching $133.94. About 196,897 shares traded. Signature Bank (NASDAQ:SBNY) has declined 7.76% since March 15, 2018 and is downtrending. It has underperformed by 12.13% the S&P500.

Analysts await Signature Bank (NASDAQ:SBNY) to report earnings on April, 18. They expect $2.76 earnings per share, up 2.60 % or $0.07 from last year’s $2.69 per share. SBNY’s profit will be $149.77M for 12.13 P/E if the $2.76 EPS becomes a reality. After $2.94 actual earnings per share reported by Signature Bank for the previous quarter, Wall Street now forecasts -6.12 % negative EPS growth.

Signature Bank provides various business and personal banking services and products. The company has market cap of $7.27 billion. It accepts various deposit products, including commercial checking accounts, money market accounts, escrow deposit accounts, cash concentration accounts, interest-bearing and non-interest-bearing checking accounts, certificates of deposit, time deposits, and other cash management products. It has a 14.51 P/E ratio. The firm also offers loan products comprising commercial and industrial loans; real estate loans, such as loans secured by commercial and residential properties, and construction and land loans; temporary financing for commercial and residential properties; letters of credit; and personal lines of credit and loans to acquire personal assets, as well as asset lending, mortgages, home equity loans, and credit card accounts.

More notable recent Signature Bank (NASDAQ:SBNY) news were published by: Nasdaq.com which released: “Wells Fargo Executives Enter Settlement Over Fake Accounts – Nasdaq” on March 04, 2019, also Businesswire.com with their article: “Signature Bank Named #2 Institution in the U.S. in Three Categories of National Law Journal’s “Best Of” Survey – Business Wire” published on March 01, 2019, Investorplace.com published: “JPM Coin Is a Blockchain for Settlements, Not a CryptoCoin – Investorplace.com” on February 24, 2019. More interesting news about Signature Bank (NASDAQ:SBNY) were released by: Nasdaq.com and their article: “Goldman Reduces Headcount at Commodities Trading Division – Nasdaq” published on March 08, 2019 as well as Nasdaq.com‘s news article titled: “BancorpSouth on Buyout Spree, Expands in Texas & Florida – Nasdaq” with publication date: March 06, 2019.

Signature Bank (NASDAQ:SBNY) Ratings Chart

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